FEMA – Clarification – Purchase of Immovable Property in India – Reporting requirement. Investor Grievance Redressal Mechanism at Stock Exchanges – Circular No. CIR/MIRSD/2/2012 – Dated – February 15, 2012. Indians deposited over $500bn black money in banks abroad- CBI. Carbon credit prices crash, companies hit. RBI to wait for Budget proposals before rate-cut. Black money estimates lack evidence: Switzerland. Sebi not to tweak rules for SMEs' sake. Income tax for charitable entities may be tightened. RBI hikes bank rate after nine years to 9.5%. Now, I-T tool to track tax evasion in computerised accounts. Carbon credits trading on Income Tax radar. Amendment in rule 114B regarding quoting of PAN number in certain transactions Additional Information required in quarterly TDS Statement filed to NSDL w.e.f 1.4.2011. Additional Information required while filling form no. 13 w.e.f 01.04.2011 Non-compliance of Sebi norm may hit PSU selloff. Finance ministry okays 9.5% interest on PF, but with riders. Sebi allows listing of securitized debt instruments. RBI raises policy rates; home, auto loans may cost more. New mantra: turn green, turn ethical. Govt OKs GST Bill, may table it this session. Transfer pricing tweak to aid high-end service exporters. RBI goes strict on settling export orders through online payment SEBI plans to cut IPO process time to 7 days ICAI mulls consolidating auditing and accounting sectors Sebi likely to introduce flat fee of 1.5% for equity MF schemes Sebi suspects growing insider trading trend; ups vigil More infrastructure bonds being launched in new year Finmin, CBDT told to amend transfer pricing norms Three-year lock-in for FDI in realty ‘not restrictive'. CBDT retains its powers in DTC Bill. SEBI may make whistleblower mechanism mandatory for cos. Irda, Sebi get reminder to park surplus with government. Banks may have to reveal use of funds raised via CPs. SEBI ban on MFs' options play upsets AMCs, brokers. Companies may be asked to disclose fund flow FDI in defence could have lock-in of 3 years E-filing with digital signature mandatory for companies Foreign parent need not pay for marketing intangibles ICAI doubles stipend for CA students, no hike in fees for 2 yrs TDS returns under taxman scrutiny MCA proposes strict action against defunct firms SEBI wants voting rights for ADR/GDR investors Tax SOPS for industrial parks extended for a year Invoice details not needed for VAT return Unborn firm cannot sign arbitration agreement Appointment of Independent Directors Land value may be kept out of under-construction houses' tax net Pay tax only when interest credited to fixed deposit account Proof of bad debt not needed for tax deduction: SC Not having PAN could mean shelling out 20% tax at source